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Drill Results

Critical One receives funding grant from Ontario gov't

By The Northwire Desk — AI Analysis Feb 13, 2026 · 11:16 CRTL · 0.78 Critical One Energy Inc
CRTL · Price

Executive Summary

  • Critical One Energy Inc. received official approval for an Ontario Junior Exploration Program (OJEP) grant covering the 2025‑2026 intake to fund its Howells Lake antimony‑gold project.
  • The grant will finance upcoming drilling and exploration activities slated to begin in spring 2026, accelerating work on one of Canada’s largest undeveloped antimony systems.
  • Historical data indicate a resource of 1.7 Mt at 1.4% Sb with notable gold grades (up to 75% Sb and >14 g/t Au), underscoring the project’s strategic importance for critical‑metal supply chains.

Key Details

  • Grant Scope: Ontario government funding under OJEP, approved for the Howells Lake antimony‑gold project; specific dollar amount not disclosed.
  • Purpose: Offsets costs associated with grassroots mineral exploration, enabling accelerated drilling and responsible exploration practices.
  • Timeline: Enhanced field activities to commence in spring 2026, with preliminary results expected shortly thereafter.
  • Project Size & Location: ~25,000 ha land package spanning a 30‑km strike in the Thunder Bay mining district, ~120 km west of the Ring of Fire corridor.
  • Historical Resource Estimate: 1.7 Mt at 1.4% antimony; historic drill intercepts include:
  • Up to 75% Sb and >14 g/t Au (individual assays)
  • 5.37% Sb over 8.35 m interval
  • Strategic Context: Aligns with Ontario’s goal to bolster domestic supply chains for EVs, renewable energy tech, and advanced manufacturing by developing critical minerals.
  • Qualified Person Disclosure: Matthew Trenkler, P.Geo., Chief Geological Officer – notes that historical data are not verified under current NI 43‑101 standards; no true width determined for drill intervals.

Notable Quotes

“This approval marks a significant milestone for Critical One as we continue to push the boundaries of sustainable resource development of antimony and other critical metals,” – Duane Parnham, Founder, Executive Chairman & CEO.

All boilerplate, safe‑harbor language, and generic company descriptions have been omitted.

Read the original news release →

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